Template-Type: ReDIF-Article 1.0 Author-Name: Neno Pavlov Author-Workplace-Name: International Business School - Botevgrad Author-Name: Radoslav Gabrovski Author-Workplace-Name: Higher School of Insurance and Finance - Sofia Title: Fragments of the Life and Works of the Founder of Academic Education in Insurance in Bulgaria Abstract: The aim of the article is to commemorate and pay tribute to the renowned scientist and practitioner Prof. Veleslav Gavriyski, DSc. It highlights the most significant facts and events from his biography outlining his extensive studies in prestigious universities in the country and abroad and emphasizing his role as a co-founder and the first head of the only insurance department in Bulgaria. Moreover, it describes Prof. Gavriyski’s role as a pioneer in the fields of theory (economics) of insurance, reinsurance and insurance law in Bulgaria with his remarkable contribution to the writing of the first fundamental university textbooks and manuals in these fields. In 1996, Prof. Veleslav Gavriyski, DSc Foundation was established in acknow-ledgement of the contribution and support of this remarkable scientist for the development of the national insurance and social security sectors in the country. Classification-JEL: G22; G23; G29 Keywords: anniversary, insurance, Gavriyski, education, foundation Journal: Economic Archive Pages: 3-13 Issue: 2 Year 2020 File-URL: http://hdl.handle.net/10610/4345 Handle: RePEC:dat:earchi:y:2020:i:2:p:3-13 Template-Type: ReDIF-Article 1.0 Author-Name: Stoyan Prodanov Author-Workplace-Name: D. A. Tsenov Academy of Economics Author-Name: Stefan Stanimirov Author-Workplace-Name: D. A. Tsenov Academy of Economics Title: Development of the Bulgarian Insurance Market - Crisis Challenges of the Decade Abstract: The present study focuses on the development of the Bulgarian insurance market in the second decade of the XX century. It examines the issues of the relationship between the global financial sector, insurance and the phases of economic cycles; the debate on the importance of the financial sector and insurance for the economic development; the establishment of correlations and dependencies between the dynamics of GDP and the dynamics of the Gross Premium Income (GPI) in the general insurance sector in Bulgaria for the period 2007-2019, presenting prospective reflections and assessment of the impact of the global pandemic COVID-19 on the Bulgarian insurance market. The linear model in a realistic scenario forecasts a decline in GPI of 18.2%, in a GDP decline of 9.0%. An additional assessment and forecast made using the model is that a decrease between 12.4% and 25% of GPI from the compulsory motor third party liability insurance (at the indicated level of GDP decline) will have a destructive effect on the Bulgarian model of general insurance, due to the impossibility to perform the social functions of this insurance such as the protection of victims of road accidents. Classification-JEL: А11; Q01; Q10; Q13; Q18 Keywords: economic growth, insurance market, general insurance, motor third party liability, COVID-19 Journal: Economic Archive Pages: 14-29 Issue: 2 Year 2020 File-URL: http://hdl.handle.net/10610/4346 Handle: RePEC:dat:earchi:y:2020:i:2:p:14-29 Template-Type: ReDIF-Article 1.0 Author-Name: Galina Zaharieva Author-Workplace-Name: D. A. Tsenov Academy of Economics Author-Name: Driton Sylqa Author-Workplace-Name: D. A. Tsenov Academy of Economics Title: Personnel Turnover Management Practices in Bulgaria and Kosovo Enterprises Abstract: The paper addresses the issue of personnel turnover in enterprises in Bulgaria and Kosovo. It presents the theoretic aspects of the nature and forms of personnel turnover, its determinative factors and effects for business entities as well as focuses on some initial prerequisites for the two countries, which indirectly influence it. The paper also presents the findings from a conducted survey among companies from the two countries which findings confirm the significance of the problem with personnel turnover and are used for an analysis of the practices for its management. Classification-JEL: F00; M12 Keywords: personnel turnover, human resources Journal: Economic Archive Pages: 30-42 Issue: 2 Year 2020 File-URL: http://hdl.handle.net/10610/4347 Handle: RePEC:dat:earchi:y:2020:i:2:p:30-42 Template-Type: ReDIF-Article 1.0 Author-Name: Jelena Stanković Author-Workplace-Name: University of Niš - Serbia Author-Name: Jovica Stanković Author-Workplace-Name: University of Niš - Serbia Author-Name: Zoran Tomić Author-Workplace-Name: University of Niš - Serbia Title: Digitalization and Sustainability - Opportunities and Challenges for Insurance Industry Abstract: Digital revolution and demands for sustainability are the most important determinants of the economic development in the last years. Insurance as a risk protection mechanism can support the achievement of many Global Sustainable Development Goals of the United Nations in direct or indirect manner. Decision engines and artificial intelligence support to decision-making allow insurers to propose tailored customer-centric services based on micro-segments and personalized risk profiles. Providing a more adequate set of products insurance creates a financial safety net for women, families and businesses and contributes to poverty alleviation and supports economic growth, innovations and employment. Therefore, the aim of this paper is to present the possibilities of application of information technology in insurance and challenges for its implementation. Classification-JEL: G22; L86; Q01 Keywords: digitalization, insurance, sustainability Journal: Economic Archive Pages: 43-57 Issue: 2 Year 2020 File-URL: http://hdl.handle.net/10610/4348 Handle: RePEC:dat:earchi:y:2020:i:2:p:43-57 Template-Type: ReDIF-Article 1.0 Author-Name: Dimcho Shopov Author-Workplace-Name: D. A. Tsenov Academy of Economics Title: Analysing and Forecasting the Debt Burden of the EU Countries: Is There a New European Debt Crisis on the Horizon? Abstract: The debt crisis which afflicted Europe highlights the weaknesses and instability of the EU member states' financial systems, as well as the inability of their national economies to maintain normal levels of indebtedness. The deteriorating economic environment requires changes in the fiscal policies across Europe. These changes are effected using new financial instruments to raise the necessary funds for implementation of economic reforms in the EU member states. The aim of this study is to analyse the current levels of sovereign debt across the European Union and to forecast their development in the future using specialized econometric software. The results may be used to identify possible future economic shocks in Europe. Classification-JEL: E62; H63; H68 Keywords: fiscal policy, sovereign debt, debt crisis, European Union, forecasting Journal: Economic Archive Pages: 58-78 Issue: 2 Year 2020 File-URL: http://hdl.handle.net/10610/4349 Handle: RePEC:dat:earchi:y:2020:i:2:p:58-78